Is Social Security a Ponzi scheme?

In his book, “Fed Up!”, he wrote that Social Security is “something we’ve been forced to accept for more than 70 years now” and says the program is a “monstrous lie” and a “crumbling monument to the failure” of President Franklin Roosevelt’s New Deal. He likens the program, which provides benefits to senior citizens and the disabled, to a Ponzi scheme — a criminal enterprise.

Perry said a future option would be to let states decide whether to stay in Social Security or take different approaches to retirement savings for future generations.

Is Social Security a Ponzi Scheme?

Yes. I pay in now with no expectation that I'll ever be able to take it out.

No. It's funded the way most federal programs are and benefits millions.